QUALCOMM Incorporated (QCOM) Balance Sheet
QCOM balance sheet, FY2025
September 30, 2025 · U.S. dollars$50.14B assets = $28.94B liabilities + $21.21B equity
Both columns are drawn to the same scale: what QCOM owns equals what it owes plus shareholders’ equity. Hover a block for its value.
QCOM financial health
Current ratio2.82
Comfortable · current assets cover current liabilities 2.82×
Debt / equity0.77
Moderate leverage · $0.77 of debt for each $1 of equity
Equity / assets42.3%
Equity-funded · of assets funded by shareholders
Cash / debt76.2%
Partial cover · cash & short-term investments vs total debt
Goodwill & intangibles24.9%
Mostly tangible · of total assets
Descriptive bands, not a rating. Fiscal FY2025.
QCOM balance sheet trends, FY2016–FY2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $52.36BFY2016 | $50.14BFY2025 | −0.5%/yr | |
| Total liabilities | $20.59BFY2016 | $28.94BFY2025 | +3.9%/yr | |
| Shareholders’ equity | $31.78BFY2016 | $21.21BFY2025 | −4.4%/yr | |
| Cash & short-term investments | $18.65BFY2016 | $12.48BFY2025 | −4.4%/yr | |
| Total debt | $11.76BFY2016 | $16.37BFY2025 | +3.7%/yr | |
| Net cash (debt) | $6.89BFY2016 | −$3.90BFY2025 | −$10.8B | |
| Working capital | $15.67BFY2016 | $16.61BFY2025 | +$940.0M | |
| Book value per share | $21.21FY2016 | $19.19FY2025 | −1.1%/yr | |
| Current ratio | 3.14FY2016 | 2.82FY2025 | −0.33 | |
| Debt / equity | 0.37FY2016 | 0.77FY2025 | +0.40 | |
| Shares outstanding | 1.50BFY2016 | 1.10BFY2025 | −3.3%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
QCOM assets
Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current
QCOM liabilities and equity
Current liabilitiesLong-term debtOther long-term liabilitiesEquity
QCOM debt vs cash
Total debtCash & ST investmentsNet cash (debt)
Debt includes short- and long-term borrowings and, where reported, lease obligations.
QCOM balance sheet
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $12.48B | $13.30B | $11.32B | $6.38B | $12.41B | $11.21B | $12.26B | $12.09B | $37.31B | $18.65B |
| Cash & equivalents | $7.84B | $7.85B | $8.45B | $2.77B | $7.12B | $6.71B | $11.84B | $11.78B | $35.03B | $5.95B |
| Short-term investments | $4.63B | $5.45B | $2.87B | $3.61B | $5.30B | $4.51B | $421.0M | $311.0M | $2.28B | $12.70B |
| Receivables | $4.32B | $3.93B | $3.18B | $5.64B | $3.58B | $4.00B | $2.47B | $2.90B | $3.63B | $2.22B |
| Inventory | $8.03B | $6.42B | $6.42B | $7.04B | $3.23B | $2.60B | $1.40B | $1.69B | $2.04B | $1.56B |
| Other current assets | $935.0M | $1.58B | $1.53B | $1.66B | $854.0M | $704.0M | $634.0M | $699.0M | $618.0M | $558.0M |
| Total current assets | $25.75B | $25.23B | $22.46B | $20.72B | $20.07B | $18.52B | $16.77B | $17.38B | $43.59B | $22.98B |
| Property, plant & equipment (net) | $4.69B | $4.67B | $5.04B | $5.17B | $4.56B | $3.71B | $3.08B | $2.98B | $3.22B | $2.31B |
| Goodwill & intangible assets | $12.51B | $12.04B | $12.05B | $12.39B | $8.70B | $7.98B | $8.45B | $9.45B | $10.36B | $9.18B |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $1.13B | $35.0M | $1.27B | $13.70B |
| Other non-current assets | $7.19B | $13.21B | $11.48B | $10.73B | $7.90B | $5.39B | $3.53B | $2.84B | $7.05B | $4.19B |
| Total assets | $50.14B | $55.15B | $51.04B | $49.01B | $41.24B | $35.59B | $32.96B | $32.69B | $65.49B | $52.36B |
| Liabilities | ||||||||||
| Accounts payable | $2.79B | $2.58B | $1.91B | $3.80B | $2.75B | $2.25B | $1.37B | $1.82B | $1.97B | $1.86B |
| Short-term debt | $102.0M | $1.46B | $1.01B | $2.05B | $2.17B | $500.0M | $2.50B | $1.00B | $2.50B | $1.75B |
| Deferred revenue | $358.0M | $297.0M | $293.0M | $369.0M | $612.0M | $568.0M | $565.0M | $500.0M | $502.0M | $509.0M |
| Total current liabilities | $9.14B | $10.50B | $9.63B | $11.87B | $11.95B | $8.67B | $8.94B | $11.24B | $10.91B | $7.31B |
| Long-term debt | $14.81B | $13.27B | $14.48B | $13.54B | $13.70B | $15.23B | $13.44B | $15.37B | $19.40B | $10.01B |
| Other long-term liabilities | $4.98B | $5.11B | $5.35B | $5.60B | $5.64B | $5.62B | $5.68B | $5.16B | $4.43B | $3.27B |
| Total liabilities | $28.94B | $28.88B | $29.46B | $31.00B | $31.29B | $29.52B | $28.05B | $31.76B | $34.74B | $20.59B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | — | — | $490.0M | $195.0M | — | $586.0M | $343.0M | $0 | $548.0M | $828.0M |
| Retained earnings (deficit) | $20.65B | $25.69B | $20.73B | $17.84B | $9.82B | $5.28B | $4.47B | $663.0M | $30.09B | $30.94B |
| Treasury stock | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Accumulated other comprehensive income | $560.0M | $587.0M | $358.0M | −$22.0M | $128.0M | $207.0M | $100.0M | $265.0M | $384.0M | $428.0M |
| Minority interest | — | — | — | — | — | — | — | $0 | $0 | −$10.0M |
| Total shareholders' equity | $21.21B | $26.27B | $21.58B | $18.01B | $9.95B | $6.08B | $4.91B | $928.0M | $30.75B | $31.78B |
| Key figures | ||||||||||
| Total debt | $16.37B | $15.44B | $16.07B | $16.16B | $16.30B | $15.73B | $15.93B | $16.37B | $21.89B | $11.76B |
| Net cash (debt) | −$3.90B | −$2.14B | −$4.74B | −$9.78B | −$3.88B | −$4.51B | −$3.67B | −$4.28B | $15.41B | $6.89B |
| Working capital | $16.61B | $14.73B | $12.84B | $8.86B | $8.12B | $9.85B | $7.83B | $6.15B | $32.69B | $15.67B |
| Tangible book value | $8.70B | $14.23B | $9.53B | $5.62B | $1.25B | −$1.90B | −$3.54B | −$8.53B | $20.39B | $22.60B |
| Book value per share | $19.19 | $23.25 | $19.17 | $15.84 | $8.66 | $5.29 | $4.02 | $0.63 | $20.63 | $21.21 |
| Shares outstanding | 1.10B | 1.13B | 1.13B | 1.14B | 1.15B | 1.15B | 1.22B | 1.46B | 1.49B | 1.50B |
| Current ratio | 2.82 | 2.40 | 2.33 | 1.75 | 1.68 | 2.14 | 1.88 | 1.55 | 4.00 | 3.14 |
| Quick ratio | 1.84 | 1.64 | 1.51 | 1.01 | 1.34 | 1.75 | 1.65 | 1.33 | 3.75 | 2.85 |
| Debt / equity | 0.77 | 0.59 | 0.74 | 0.90 | 1.64 | 2.59 | 3.25 | 17.64 | 0.71 | 0.37 |
| Equity / assets | 42.3% | 47.6% | 42.3% | 36.8% | 24.1% | 17.1% | 14.9% | 2.8% | 47.0% | 60.7% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $8.30B | $9.80B | $11.82B | $12.48B | $10.01B | $13.85B | $14.30B | $13.30B | $13.03B | $13.85B | $12.05B | $11.32B |
| Cash & equivalents | $4.53B | $5.43B | $7.21B | $7.84B | $5.45B | $7.20B | $8.71B | $7.85B | $7.77B | $9.22B | $8.13B | $8.45B |
| Short-term investments | $3.77B | $4.36B | $4.62B | $4.63B | $4.56B | $6.64B | $5.59B | $5.45B | $5.26B | $4.63B | $3.92B | $2.87B |
| Receivables | $4.67B | $4.35B | $4.15B | $4.32B | $3.41B | $3.70B | $3.55B | $3.93B | $2.95B | $3.05B | $3.51B | $3.18B |
| Inventory | $8.38B | $7.37B | $6.67B | $8.03B | $6.34B | $6.20B | $6.30B | $6.42B | $6.02B | $6.09B | $6.25B | $6.83B |
| Other current assets | $1.65B | $1.60B | $1.97B | $935.0M | $5.15B | $2.34B | $1.91B | $1.58B | $1.33B | $1.24B | $1.62B | $1.13B |
| Total current assets | $23.00B | $23.11B | $24.61B | $25.75B | $24.91B | $26.08B | $26.07B | $25.23B | $23.33B | $24.23B | $23.44B | $22.46B |
| Property, plant & equipment (net) | $5.22B | $5.07B | $4.89B | $4.69B | $4.50B | $4.41B | $4.46B | $4.67B | $4.74B | $4.72B | $4.91B | $5.04B |
| Goodwill & intangible assets | $15.78B | $15.83B | $15.81B | $12.51B | $12.57B | $12.13B | $12.13B | $12.04B | $12.07B | $12.09B | $12.11B | $12.05B |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $13.36B | $13.13B | $7.72B | $7.19B | $12.88B | $12.75B | $12.92B | $13.21B | $12.60B | $12.12B | $11.68B | $11.48B |
| Total assets | $57.37B | $57.14B | $53.03B | $50.14B | $54.86B | $55.37B | $55.58B | $55.15B | $52.74B | $53.17B | $52.13B | $51.04B |
| Liabilities | ||||||||||||
| Accounts payable | $2.90B | $2.97B | $2.71B | $2.79B | $2.34B | $2.48B | $2.58B | $2.58B | $2.59B | $2.31B | $2.15B | $1.91B |
| Short-term debt | $2.49B | $498.0M | — | $102.0M | — | $1.36B | $1.36B | $1.46B | $1.36B | $914.0M | $914.0M | $1.01B |
| Deferred revenue | $280.0M | $323.0M | $379.0M | $358.0M | $285.0M | $232.0M | $212.0M | $297.0M | $263.0M | $253.0M | $210.0M | $293.0M |
| Total current liabilities | $11.41B | $9.77B | $9.82B | $9.14B | $7.80B | $9.54B | $9.95B | $10.50B | $9.75B | $9.14B | $9.17B | $9.63B |
| Long-term debt | $12.78B | $14.77B | $14.82B | $14.81B | $14.79B | $13.26B | $13.21B | $13.27B | $13.19B | $14.54B | $14.57B | $14.48B |
| Other long-term liabilities | $5.51B | $5.32B | $5.32B | $4.98B | $5.07B | $4.84B | $5.53B | $5.11B | $5.13B | $5.01B | $5.34B | $5.35B |
| Total liabilities | $29.71B | $29.86B | $29.96B | $28.94B | $27.65B | $27.64B | $28.70B | $28.88B | $28.07B | $28.70B | $29.08B | $29.46B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | — | — | — | — | — | — | — | — | — | $66.0M | — | $490.0M |
| Retained earnings (deficit) | $27.26B | $26.90B | $22.50B | $20.65B | $26.55B | $27.33B | $26.61B | $25.69B | $24.27B | $23.96B | $22.57B | $20.73B |
| Accumulated other comprehensive income | $395.0M | $377.0M | $575.0M | $560.0M | $657.0M | $395.0M | $273.0M | $587.0M | $397.0M | $438.0M | $493.0M | $358.0M |
| Total shareholders' equity | $27.66B | $27.28B | $23.07B | $21.21B | $27.21B | $27.73B | $26.88B | $26.27B | $24.67B | $24.47B | $23.06B | $21.58B |
| Key figures | ||||||||||||
| Total debt | $15.27B | $15.27B | $14.82B | $16.37B | $14.79B | $14.62B | $14.58B | $15.44B | $14.55B | $15.46B | $15.48B | $16.07B |
| Net cash (debt) | −$6.97B | −$5.47B | −$3.00B | −$3.90B | −$4.78B | −$777.0M | −$272.0M | −$2.14B | −$1.52B | −$1.61B | −$3.43B | −$4.74B |
| Working capital | $11.59B | $13.35B | $14.79B | $16.61B | $17.11B | $16.54B | $16.11B | $14.73B | $13.59B | $15.09B | $14.27B | $12.84B |
| Tangible book value | $11.87B | $11.45B | $7.26B | $8.70B | $14.64B | $15.60B | $14.75B | $14.23B | $12.60B | $12.38B | $10.95B | $9.53B |
| Book value per share | $25.87 | $25.45 | $21.38 | $19.19 | $24.76 | $24.87 | $23.96 | $23.25 | $21.75 | $21.65 | $20.46 | $19.18 |
| Shares outstanding | 1.07B | 1.07B | 1.08B | 1.10B | 1.10B | 1.11B | 1.12B | 1.13B | 1.13B | 1.13B | 1.13B | 1.12B |
| Current ratio | 2.02 | 2.37 | 2.51 | 2.82 | 3.19 | 2.73 | 2.62 | 2.40 | 2.39 | 2.65 | 2.56 | 2.33 |
| Quick ratio | 1.14 | 1.45 | 1.63 | 1.84 | 1.72 | 1.84 | 1.79 | 1.64 | 1.64 | 1.85 | 1.70 | 1.51 |
| Debt / equity | 0.55 | 0.56 | 0.64 | 0.77 | 0.54 | 0.53 | 0.54 | 0.59 | 0.59 | 0.63 | 0.67 | 0.74 |
| Equity / assets | 48.2% | 47.7% | 43.5% | 42.3% | 49.6% | 50.1% | 48.4% | 47.6% | 46.8% | 46.0% | 44.2% | 42.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed November 5, 2025); data from EODHD.
QCOM financial position
At the end of fiscal 2025 (September 30, 2025), Qualcomm had total assets of $50.1 billion (down 9.1% from a year earlier), total liabilities of $28.9 billion and shareholders' equity of $21.2 billion. It held $12.5 billion in cash and short-term investments against $16.4 billion of debt, net debt of $3.9 billion. Its current ratio was 2.82. In the latest quarter (ended June 30, 2026) total assets were $57.4 billion and equity $27.7 billion.
Related: QCOM income statement, QCOM cash flow statement, QCOM key metrics. See the QCOM stock overview for the latest quote and news.
QCOM balance sheet FAQ
What are Qualcomm's total assets?
Qualcomm reported total assets of $50.1 billion at the end of fiscal 2025 (September 30, 2025), compared with $55.2 billion a year earlier.
How much debt does Qualcomm have?
Qualcomm had $16.4 billion of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 0.77.
How much cash does Qualcomm have?
Qualcomm held $12.5 billion in cash and short-term investments at the end of fiscal 2025; with $16.4 billion of debt that is net debt of $3.9 billion.
What is Qualcomm's book value?
Qualcomm's shareholders' equity (book value) was $21.2 billion at the end of fiscal 2025, or $19.19 per share.
What is Qualcomm's current ratio?
Qualcomm had current assets of $25.8 billion and current liabilities of $9.1 billion, a current ratio of 2.82 (it can cover its short-term obligations).
How much goodwill does Qualcomm have?
Qualcomm carried $12.5 billion of goodwill and intangible assets, 24.9% of total assets, at the end of fiscal 2025.